A Wollongong real estate agent has been charged with 27 offences relating to the alleged misappropriation of more than $480,000. Hakan Kutup, formerly of Century 21 Ultimate Wollongong, told the Mercury he would be fighting the charges and said he wished to make no further comment when contacted on Monday. Lake Illawarra detectives allege Kutup, 53, made false documents that claimed he had sold numerous properties and as a result would be entitled to the commission. The false documents included photo-shopped emails and letterheads purported to be made from solicitors and conveyancers located in the Illawarra, police allege. Read more: Woman reported missing in Qld found working at Unanderra brothel - and immediately arrested They also include fabricated contracts of sales, fabricated agency agreement documents, false signatures and false bank deposits, police allege. The documents were allegedly submitted to Paidonexchange Pty Ltd - a business that, for a fee, provides real estate agents their entitled commissions from the property up front, removing the need for the real estate agent to wait up to 12 weeks for the settlement. As a result Kutup "made a total financial advantage of $263,755", police say. In August this year, Lake Illawarra detectives, with the assistance of the Office of Fair Trading, commenced an investigation into the actions o Kutup. They allege they also uncovered that Kutup misappropriated funds from a Sale Trust Account to the amount of $220,515. He met with Illawarra detectives on September 6 and was charged with 12 forgery offences, 12 fraud offences and three counts of fraudulent conversion of money. Kutup was granted strict bail. He is due to appear in Wollongong Local Court on November 5.

The documents were allegedly submitted to Paidonexchange Pty Ltd - a business that, for a fee, provides real estate agents their entitled commissions from the property up front, removing the need for the real estate agent to wait up to 12 weeks for the settlement.

As a result Kutup "made a total financial advantage of $263,755", police say.

In August this year, Lake Illawarra detectives, with the assistance of the Office of Fair Trading, commenced an investigation into the actions o Kutup.

They allege they also uncovered that Kutup misappropriated funds from a Sale Trust Account to the amount of $220,515.

He met with Illawarra detectives on September 6 and was charged with 12 forgery offences, 12 fraud offences and three counts of fraudulent conversion of money.

Kutup was granted strict bail. He is due to appear in Wollongong Local Court on November 5.